Card issuer Enfuce recently expanded its partnership with Visa by launching Visa Fleet 2.0, the company's mobility card solution.
With the certification, Enfuce now offers Visa Fleet 2.0 to its customers. The continued collaboration between Enfuce and Visa offers efficiency through data and insights, cost reduction, and a pivot toward sustainable transportation and mobility budgets.
"This certification means we can support our valued customers in revolutionizing the outdated fuel card, streamlining fleet management, and bolstering security measures through comprehensive data tracking to combat fraudulent activities," said Denise Johansson, co-founder and co-CEO of Enfuce. "This collaboration marks a significant milestone in the financial landscape, showcasing a joint effort to introduce forward-thinking solutions that cater to the changing demands of the modern mobility ecosystem."
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Unlike traditional closed-loop cards used by fleet operators worldwide, Visa Fleet 2.0 is not restricted to specific fuel retailers or specific types of products such as gasoline or diesel, and it can be used at any location accepting Visa cards. This enhances operational efficiency by enabling drivers to choose the most efficient routes and access optimal fuel prices. It also provides convenience with an all-in-one, fully integrated card, accessible via both physical and digital wallets, eliminating the need to carry multiple fuel cards.
"Expanding access to financial tools and services is core to Visa's purpose as we seek to uplift everyone everywhere," said Richard Campion, head of fleet and mobility at Visa. "We're excited to continue our work with Enfuce, helping them deliver our mobility card solution to their customers across Europe as they work to revolutionize the fleet management space."
This fleet and mobility card can be used for all expenses beyond fuel-related payments, thus accommodating the evolving landscape of electric vehicles. Visa reports that 70% of fleet managers will transition to electric, hybrid, or hydrogen cell vehicles within the next five years.
Conventional fuel cards designed for fossil fuel fleets lack the flexibility to accommodate EV charging without substantial investment on the issuer's part. Visa Fleet 2.0 addresses these needs by incorporating use cases such as EV charging, tolls, mass transit, and micro-mobility.
